[vc_row njt-role=”people-in-the-roles” njt-role-user-roles=”administrator,editor,author,armember”][vc_column][vc_column_text]
This Friday morning, the main European stock markets opened higher after two sessions in the red.
Early indications are that the Dax in Frankfurt is expected to gain 0.46% at the opening, the FTSE 100 0.57% in London and the Eurostoxx 50 index 0.7%.
The president of the Fed (Central Bank of the United States), Jerome Powell announced Wednesday that the peak of interest rates would probably be higher than what the members of the U.S. central bank had estimated in September. They had considered a pause in monetary tightening very premature.
This recent statement by Jerome Powell has fueled widespread risk aversion in the financial markets, but also seems to have been digested by investors. Nonetheless, the stock market trend could be inflected downward by the U.S. Labor Department’s monthly employment report, which will be released at 12:30 GMT.
Reuters expects job creation to fall to 200,000 in October, the unemployment rate to rise slightly to 3.6%, and the average yearly wage growth to slow to 4.7%.
Christine Lagarde, President of the European Central Bank (ECB) is scheduled to speak today at an invitation from the Latvian Central Bank. She will discuss interest rates and fears of an economic contraction in the Eurozone. The Bank of England (BoE) announced yesterday that the cost of credit is not expected to reach the peak the market had anticipated, due to the risk of recession.
The rest of the session should be animated by new corporate earnings releases, including Starbucks and Societe Generale. The latter is reporting better-than-expected third-quarter results today, buoyed by its trading activities, and is targeting higher profitability for this year.
Currencies
In the currency market, the index measuring the dollar’s fluctuations against a basket of benchmarks is down 0.27% today after hitting a two-week high yesterday, gaining 0.8%. The euro is up 0.28 percent to $0.9778.
The British pound is back on the rise at $1.1224, after falling to a two-week low yesterday.
Rates
After the Fed chairman’s announcements, the yield on 10-year U.S. Treasuries gained nearly four basis points to 4.16% after taking seven basis points yesterday.
In Europe, the yield on the 10-year German Bund is virtually flat this morning at 2.25% after gaining more than 11 points yesterday.
Read also >CAC 40: L’Oréal falls on the stock market after Estée Lauder’s disappointing forecasts
Featured photo : ©Press[/vc_column_text][/vc_column][/vc_row][vc_row njt-role=”not-logged-in”][vc_column][vc_column_text]
This Friday morning, the main European stock markets opened higher after two sessions in the red.
Early indications are that the Dax in Frankfurt is expected to gain 0.46% at the opening, the FTSE 100 0.57% in London and the Eurostoxx 50 index 0.7%.
The president of the Fed (Central Bank of the United States), Jerome Powell announced Wednesday that the peak of interest rates would probably be higher than what the members of the U.S. central bank had estimated in September. They had considered a pause in monetary tightening very premature.
This recent statement by Jerome Powell has fueled widespread risk aversion in the financial markets, but also seems to have been digested by investors. Nonetheless, the stock market trend could be inflected downward by the U.S. Labor Department’s monthly employment report, which will be released at 12:30 GMT.
[…][/vc_column_text][vc_cta h2=”This article is reserved for subscribers.” h2_font_container=”tag:h2|font_size:16|text_align:left” h2_use_theme_fonts=”yes” h4=”Subscribe now !” h4_font_container=”tag:h2|font_size:32|text_align:left|line_height:bas” h4_use_theme_fonts=”yes” txt_align=”center” color=”black” add_button=”right” btn_title=”I SUBSCRIBE !” btn_color=”danger” btn_size=”lg” btn_align=”center” use_custom_fonts_h2=”true” use_custom_fonts_h4=”true” btn_button_block=”true” btn_custom_onclick=”true” btn_link=”url:https%3A%2F%2Fluxus-plus.com%2Fen%2Fsubscriptions-and-newsletter-special-offer-valid-until-september-30-2020-2-2%2F”]Get unlimited access to all articles and live a new reading experience, preview contents, exclusive newsletters…
Already have an account ? Please log in.[/vc_cta][vc_column_text]Featured photo : © Press [/vc_column_text][/vc_column][/vc_row][vc_row njt-role=”people-in-the-roles” njt-role-user-roles=”subscriber,customer”][vc_column][vc_column_text]
This Friday morning, the main European stock markets opened higher after two sessions in the red.
Early indications are that the Dax in Frankfurt is expected to gain 0.46% at the opening, the FTSE 100 0.57% in London and the Eurostoxx 50 index 0.7%.
The president of the Fed (Central Bank of the United States), Jerome Powell announced Wednesday that the peak of interest rates would probably be higher than what the members of the U.S. central bank had estimated in September. They had considered a pause in monetary tightening very premature.
This recent statement by Jerome Powell has fueled widespread risk aversion in the financial markets, but also seems to have been digested by investors. Nonetheless, the stock market trend could be inflected downward by the U.S. Labor Department’s monthly employment report, which will be released at 12:30 GMT.
[…][/vc_column_text][vc_cta h2=”This article is reserved for subscribers.” h2_font_container=”tag:h2|font_size:16|text_align:left” h2_use_theme_fonts=”yes” h4=”Subscribe now !” h4_font_container=”tag:h2|font_size:32|text_align:left|line_height:bas” h4_use_theme_fonts=”yes” txt_align=”center” color=”black” add_button=”right” btn_title=”I SUBSCRIBE !” btn_color=”danger” btn_size=”lg” btn_align=”center” use_custom_fonts_h2=”true” use_custom_fonts_h4=”true” btn_button_block=”true” btn_custom_onclick=”true” btn_link=”url:https%3A%2F%2Fluxus-plus.com%2Fen%2Fsubscriptions-and-newsletter-special-offer-valid-until-september-30-2020-2-2%2F”]Get unlimited access to all articles and live a new reading experience, preview contents, exclusive newsletters…
Already have an account ? Please log in.[/vc_cta][vc_column_text]Featured photo : © Press[/vc_column_text][/vc_column][/vc_row][vc_row njt-role=”people-in-the-roles” njt-role-user-roles=”subscriber,customer”][vc_column][vc_column_text]
